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By Michael S. Derby May 6 (Reuters) – Supply chain pressures in April hit their highest level since July 2022, as the Middle East war heavily impacted firms’ ability to move goods around the world freely, data from the Federal Reserve Bank of New York released on Wednesday showed. The Global Supply Chain Pressures index moved up sharply to 1.82 in April, from March’s 0.68. The New York Fed did […]

WOODS HOLE, Mass. (AP) — Green cells whirl around a red-light chamber, propelled by a blade through bubbling water. These little seaweed cells, called gametophytes, will develop into a strain of fast-growing kelp — part of what was once a government-funded initiative to develop sustainable biofuels for American transport. Electricity from solar and wind energy can power cars, however ships and aircraft largely run on liquid fuels made with a […]

Five months ago, President Donald Trump was stinging from one of the first political defeats of his second term as Republican state senators defied him on redistricting in Indiana. Now he has proved he can still punish wayward party members after he endorsed a slate of challengers who defeated almost every one of those lawmakers he wanted to dislodge. The results will likely bolster Trump’s confidence heading into upcoming Republican […]

U.S. President Donald Trump posted on social media Wednesday that the war with Iran could soon end and oil and natural gas shipments could restart, if Iran accepts a reported agreement that he did not detail. “If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” Trump’s post said. The White House believes it is nearing an […]

By Isla Binnie NEW YORK, May 6 (Reuters) – An investor group which advises union pension funds urged Wall Street’s leading watchdog on Wednesday to scrutinize SpaceX’s disclosures as the rocket maker embarks on a planned record-breaking public listing. It also raised founder Elon Musk’s tenure in the Trump administration as a potential conflict for regulators reviewing the company’s disclosures. SpaceX is expected to launch an initial public offering (IPO) […]

By Amel Emric and Daria Sito-Sucic VARES, Bosnia and Herzegovina, May 6 (Reuters) – A new silver, lead and barite mine offered hope to the small town of Vares, in mountainous central Bosnia, when it opened in 2024. After decades of economic decline, new roads and houses were built, cafes and restaurants filled up, and the long-dwindling population swelled with workers and new residents. In recent months, however, blood tests have […]

May 6 (Reuters) – New York Times subscribers jumped to 13.1 million in the first quarter as its blend of news and lifestyle content attracted readers navigating a volatile political and economic landscape, sending the company’s shares up 8% in early trading. The newspaper added 310,000 digital-only subscribers in the first three months of the year, outpacing analysts’ expectation of 270,513, according to Visible Alpha. This brings it closer to […]

WASHINGTON, May 6 (Reuters) – U.S. private payrolls posted their largest increase in 15 months in April, pointing to continued labor market stability even as the conflict in the Middle East clouds the economy’s outlook. The labor market remains in a “low-hire, low-fire” state, though economists are warning of downside risks as the U.S.-Israel war with Iran fans inflation. The latest sign of labor market stability in the ADP’s national […]

May 6 (Reuters) – Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. Shares of the company fell over 12% in early trading. The company, which was spun off from IBM in 2021, has been restructuring a number of low- or no-margin contracts it inherited from the tech giant to improve profitability.  • […]